Property Overview
6 St Vital Road presents a unique opportunity in Winnipeg's Norberry neighbourhood. Built in 1944, this home is notable for its significantly below-average size and assessed value compared to its immediate area and the wider city. With 605 square feet of living space on a 4,017 square foot lot and an assessed value of $204k, it stands in stark contrast to area averages. This creates a specific profile that will appeal to a distinct set of buyers.
Key Characteristics & Ideal Buyer
The primary characteristic of this property is its position as an entry-point home. Its living area is among the smallest 1% of homes locally, and its assessed value is in the bottom 10% for the street and neighbourhood. The appeal lies squarely in affordability and potential. It represents one of the most accessible price points in the area, suited for a first-time buyer, an investor looking for a rental property, or someone seeking a minimalist footprint. A less obvious perspective is that its smaller lot size, while below average, still offers reasonable outdoor space for a home of this size and may translate to lower maintenance costs and less yard work. Its age (82 years) suggests potential character but also necessitates a thorough inspection for aging components. This home is not for those seeking move-in-ready spaciousness; it is best suited for a pragmatic buyer comfortable with a compact layout and who sees the value in securing a location at a lower cost, possibly with a view to future renovation or holding as a long-term asset.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value reflects the home's significantly smaller size (605 sq ft vs. an area average over 1,100 sq ft) and its older age. Assessment is based on market factors and physical attributes, so a smaller, older home will naturally be valued lower than larger, newer ones in the same area.
2. What does the sold price history indicate?
Records show it last sold in December 2020 for an estimated $200k-$250k. This is consistent with its current assessed value, suggesting a stable, lower-value price point in the market over recent years.
3. Are there concerns with a home built in 1944?
While older homes can have charm, key systems like wiring, plumbing, insulation, and the foundation should be prioritized for a professional inspection. Its age places it among the older third of homes in the city, so understanding its condition and update history is essential.
4. Is the small living area a major drawback?
It depends on your needs. The living area is functionally compact, ranking in the bottom 1% locally. It would suit a single person, a couple, or an investor. It is a trade-off for the affordable price point in the neighbourhood.
5. How reliable is this sold price and assessment data?
The provided sold price is an estimate from public sources, not the MLS. For fully verified and exact historical transaction figures, you must request a manual lookup from the site, which they provide via email. The assessed value is the official municipal valuation for tax purposes.